ET TechMumbai: SaaS management platform Zluri said it has raised $10 million in a Series A funding round led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital.
The company will use the funding to further strengthen its product's capabilities and beef up its teams in core markets in Asia and North America, it said in a release.
The company had previously raised $2 million from Endiya Partners and Kalaari Capital, in its seed round in January 2021.
Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri helps companies discover, manage and optimize, secure and automate SaaS applications from a single dashboard.
Zluri has added over 100 new customers from North American and Asian markets in the past year. Some of its clientele includes Chargebee, MoEngage, Guesty and Whatfix among others, the company said.
“Over the last 12 months we have seen global adoption of SaaS Management Platforms increase at an accelerated pace,” said Ritish Reddy, Co-Founder, Zluri adding that “We have made significant investments into our one-click automation engine, which helps IT Teams streamline and automate workflows across the organization thus helping them manage, optimize and secure their technology stacks effectively. We will continue our investments to extend our lead in this space and the current round of funding will help us further accelerate our global growth and product innovation.”
“Orchestrating SaaS applications in organizations and helping them maximize ROI on continually increasing SaaS spend is a large problem statement that requires significant operational effort from IT Teams. With an industry-leading SaaS Management Platform, Zluri is well positioned to help enable this across enterprises,” said Anvesh Ramineni, Managing Director at MassMutual Ventures.
The company will use the funding to further strengthen its product's capabilities and beef up its teams in core markets in Asia and North America, it said in a release.
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Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri helps companies discover, manage and optimize, secure and automate SaaS applications from a single dashboard.
Zluri has added over 100 new customers from North American and Asian markets in the past year. Some of its clientele includes Chargebee, MoEngage, Guesty and Whatfix among others, the company said.
“Over the last 12 months we have seen global adoption of SaaS Management Platforms increase at an accelerated pace,” said Ritish Reddy, Co-Founder, Zluri adding that “We have made significant investments into our one-click automation engine, which helps IT Teams streamline and automate workflows across the organization thus helping them manage, optimize and secure their technology stacks effectively. We will continue our investments to extend our lead in this space and the current round of funding will help us further accelerate our global growth and product innovation.”
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“Orchestrating SaaS applications in organizations and helping them maximize ROI on continually increasing SaaS spend is a large problem statement that requires significant operational effort from IT Teams. With an industry-leading SaaS Management Platform, Zluri is well positioned to help enable this across enterprises,” said Anvesh Ramineni, Managing Director at MassMutual Ventures.
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